|
Molly Thompson
|
Market Conditions |
| Supply and Demand Market Determination ♦ • Slow (Buyer’s) Market – There is more than a 6-month supply of homes for sale. The buyer is in a better negotiating position. • Hot (Seller’s) Market – There is less than a 3-month supply of homes for sale. The seller is in a better negotiating position. • Neutral Market – There is a 3-6 month supply of homes for sale. Neither buyers or sellers have a negotiating advantage. • The type of market (buyer’s, seller’s or neutral) is determined by the number of month’s supply of homes. This is calculated by dividing the # of homes for sale by the # of homes that are sold. All Real Estate is LOCAL! If you would like the specific information about your zip code or your town, please contact me.
|
